Octopus AIM VCT PLC : Interim Management Statement

Octopus AIM VCT plc
Interim Management Statement                            

26 September 2014

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus AIM VCT plc ("Company") presents an Interim Management Statement for the period 1 March 2014 to 14 July 2014. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

	1 March to 14 July 2014	12 months to 28 February 2014
Net assets (£000)	65,182	69,730
Net asset value per share ("NAV")	113.1p	125.2p
Dividends paid or proposed in the period	3.0p	5.0p

Investment Activity
During the period, the Company made the following investments:

Date	Investee company	Number of shares	Amount invested (£'000)
08 April 2014	Learning Technologies Group plc	1,312,500	210
10 April 2014	Skyepharma plc	300,000	680
22 April 2014	Skyepharma plc	24,000	51
23 April 2014	GB Group plc	160,615	221
09 July 2014	Ergomed plc	750,000	1,200

During the period, the Company made the following disposals:

Date	Investee company	Number of shares	Proceeds (£'000)
14 March 2014	Proxama plc	600,000	43
21 March 2014	Proxama plc	570,000	35
28 March 2014	Proxama plc	437,000	26
04 April 2014	Proxama plc	873,000	52
23 May 2014	Breedon Aggregates Limited	60,000	25
30 May 2014	Breedon Aggregates Limited	90,000	38
02 June 2014	Breedon Aggregates Limited	210,000	87

Dividends
The Company announced an annual dividend of 3.0p. It was paid on 24 July 2014 to shareholders on the register on 27 June 2014.

Buybacks
During the period 1 March 2014 to 14 July 2014, the Company purchased 225,841 ordinary shares at a weighted average price of 115.2p per share.

Issue of shares
During the period 1 March 2014 to 14 July 2014, the Company issued 3,142,052 ordinary shares at a weighted average price of 132.3p per share.

Total Voting Rights
The Company's capital as at 14 July 2014 consisted of 57,611,386 ordinary shares with a nominal value of 1p each, with voting rights. The Company does not hold any ordinary shares in Treasury. Therefore, the total number of voting rights in the Company as at 14 July 2014 was 57,611,386. 

For further information please contact:
Andrew Buchanan and Kate Tidbury - Fund Managers
Octopus Investments Limited - 0800 316 2295
ENDS

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Octopus AIM VCT PLC via Globenewswire

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